Report: RealNetworks Lays Off 70

Seattle-based RealNetworks is cutting 4 percent of its worldwide staff today, about 70 out of 1,700 jobs, according to All Things Digital. The report cites the economic downturn and cost-cutting as reasons for the move. Last week, RealNetworks (NASDAQ: RNWK) reported a small profit for the third quarter, the company’s first profitable quarter since the first three months of 2008.

Gregory T. Huang is the Editor of Xconomy Seattle. You can e-mail him at gthuang@xconomy.com or call 206-624-2249.

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